Moomoo was great but since that have started restricting trades on some stocks I can no longer trade my strategy. I think it is time to switch brokers

I have been trying to improve my intraday entries lately, especially on SPY momentum setups, and one feature that actually helped during this trade was the Level 2 order book on moomoo.

The setup

Going into the session, I thought SPY looked overextended already and expected sellers to step in near the close.

But after watching the 1-minute K-line chart and order flow for a while, I noticed buyers were still defending pullbacks aggressively instead of letting price roll over.

Features I used during the trade

1. K-line chart + moving averages

I used the 1m chart with MA5, MA10, and MA20 to track short-term momentum.

Things that stood out:

• SPY kept printing higher lows
• price stayed above short-term moving averages
• momentum stayed intact even during pullbacks
• volume started increasing late session

That made me more cautious about trying to short the move too early.

https://preview.redd.it/9dv36dfp670h1.jpg?width=1206&format=pjpg&auto=webp&s=4ca18ef9c478df9f9d7442069695ddbe8d4cee82

2. Level 2 order book

This was honestly the most useful feature during the trade.

While watching the order book, I noticed:

• bids refreshing repeatedly near 737.6
• sell orders getting absorbed quickly
• very little aggressive selling pressure
• buyers stepping in almost immediately after dips

Seeing the bid support hold multiple times gave me more confidence that momentum wasn’t finished yet.

Instead of fading the rally, I waited for consolidation and entered after SPY reclaimed short-term resistance.

https://preview.redd.it/q2omrifr670h1.jpg?width=1206&format=pjpg&auto=webp&s=38bf6962e43ba46809e26989666c24c48bd9b882

3. Real-time news feed

I also checked the news tab during the trade to understand why momentum was staying strong.

The feed was full of:

• AI momentum headlines
• semiconductor strength
• bullish tech sentiment
• broader market optimism

That helped explain why SPY kept grinding higher despite looking extended already.

https://preview.redd.it/hb8cido1770h1.jpg?width=1206&format=pjpg&auto=webp&s=51162da1ad9d6c4c401266baa2d5fc3f96a75cd1

My trading approach

I usually combine:

• chart structure
• order flow
• market sentiment

before entering momentum trades.

For this setup:

• the K-line chart showed trend continuation
• Level 2 confirmed buyer strength
• the news feed supported bullish sentiment

Having all three in one place made it easier to stay patient and avoid forcing a bad entry.

Ended up taking calls after consolidation and scaled out gradually into strength near the close.

Still think the market feels overheated overall, but this trade was a good reminder not to fight momentum without confirmation first.